Flutter Entertainment (FLUT) Gross Margin (2014 - 2026)
Flutter Entertainment posted quarterly Gross Margin of 42.68% for Q1 2026, down 395.0% year-on-year from 14.47% in Q1 2025, and down 4.18% on a QoQ basis from 44.54% in Q4 2025.
Flutter Entertainment (FLUT) has 10 years of Gross Margin data on file, last reported at 42.68% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 395.0% year-over-year to 42.68%; the trailing twelve-month figure through Mar 2026 stood at 44.25% (down 330.0% YoY), and the FY2025 full-year result was 45.19%, down 251.0% from the prior year.
- Gross Margin for Q1 2026 stood at 42.68%, down from 44.54% in the prior quarter.
- Across five years, Gross Margin topped out at 50.32% in Q2 2023 and bottomed at 42.68% in Q1 2026.
- The 4-year median for Gross Margin is 46.63% (2025), against an average of 46.43%.
- The widest annual swing landed in 2024, when Gross Margin surged 200 bps; it then tumbled 395 bps in 2026.
- A 4-year view of Gross Margin shows it stood at 46.15% in 2023, then advanced by 4 bps to 48.15% in 2024, then retreated by 7 bps to 44.54% in 2025, then slipped by 4 bps to 42.68% in 2026.
- The last three Gross Margin figures came in at 42.68% (Q1 2026), 44.54% (Q4 2025), and 42.86% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 18.39 Bn | 17.30 Bn | 1.84 Bn | 42.68% |
| 2 | DraftKings | 13.23 Bn | 12.22 Bn | 696.69 Mn | 42.32% |
| 3 | Churchill Downs | 6.28 Bn | 6.13 Bn | 475.00 Mn | 71.64% |
| 4 | Rush Street Interactive | 2.60 Bn | 2.43 Bn | 132.17 Mn | 35.69% |
| 5 | Brightstar Lottery | 2.28 Bn | 2.94 Bn | - | - |
| 6 | Accel Entertainment | 1.01 Bn | 735.58 Mn | 109.94 Mn | 31.27% |
| 7 | Codere Online Luxembourg | 490.38 Mn | 420.96 Mn | - | - |
| 8 | Bragg Gaming | 269.74 Mn | 261.99 Mn | 18.22 Mn | 56.54% |
| 9 | Inspired Entertainment | 233.43 Mn | 189.93 Mn | 54.60 Mn | 95.45% |
| 10 | High Roller Technologies | 45.23 Mn | 42.56 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 42.68% |
| Dec 31, 2025 | 44.54% |
| Sep 30, 2025 | 42.86% |
| Jun 30, 2025 | 46.79% |
| Mar 31, 2025 | 46.63% |
| Dec 31, 2024 | 48.15% |
| Sep 30, 2024 | 46.06% |
| Jun 30, 2024 | 49.18% |
| Mar 31, 2024 | 47.22% |
| Dec 31, 2023 | 46.15% |
| Sep 30, 2023 | 45.82% |
| Jun 30, 2023 | 50.32% |
| Mar 31, 2023 | 47.19% |
| Sep 30, 2019 | 73.33% |
| Jun 30, 2019 | 72.73% |
| Mar 31, 2019 | 72.03% |
| Dec 31, 2018 | 66.00% |
| Sep 30, 2018 | 77.41% |
| Jun 30, 2018 | 79.68% |
| Mar 31, 2018 | 79.57% |
| Dec 31, 2017 | 70.90% |
| Sep 30, 2017 | 81.04% |
| Jun 30, 2017 | 82.75% |
| Mar 31, 2017 | 86.43% |
| Dec 31, 2016 | 85.33% |
| Sep 30, 2016 | 86.88% |
| Jun 30, 2016 | 86.59% |
| Mar 31, 2016 | 84.24% |
| Sep 30, 2015 | 86.12% |
| Jun 30, 2015 | 83.31% |
| Mar 31, 2015 | 82.80% |
| Sep 30, 2014 | -1.38% |